Principal Financial Group Inc. Sells 10,413 Shares of Oxford Industries, Inc. (NYSE:OXM)

Principal Financial Group Inc. reduced its stake in Oxford Industries, Inc. (NYSE:OXM) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,713 shares of the textile maker’s stock after selling 10,413 shares during the period. Principal Financial Group Inc. owned approximately 0.44% of Oxford Industries worth $6,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in OXM. Quarry LP increased its position in shares of Oxford Industries by 4,650.0% in the second quarter. Quarry LP now owns 475 shares of the textile maker’s stock worth $48,000 after purchasing an additional 465 shares during the period. Advisors Asset Management Inc. increased its holdings in Oxford Industries by 223.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,568 shares of the textile maker’s stock worth $136,000 after purchasing an additional 1,083 shares in the last quarter. M&T Bank Corp bought a new stake in Oxford Industries during the 3rd quarter worth approximately $206,000. Verity Asset Management Inc. bought a new position in shares of Oxford Industries in the third quarter valued at approximately $233,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Oxford Industries by 36.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the textile maker’s stock valued at $295,000 after purchasing an additional 785 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OXM. Telsey Advisory Group restated a “market perform” rating and set a $86.00 price objective on shares of Oxford Industries in a research note on Wednesday, December 4th. UBS Group dropped their price target on shares of Oxford Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Finally, Citigroup decreased their price objective on shares of Oxford Industries from $92.00 to $65.00 and set a “sell” rating for the company in a research note on Friday, September 13th.

Oxford Industries Trading Up 3.5 %

NYSE OXM opened at $78.78 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.42 and a quick ratio of 0.65. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 88.52 and a beta of 1.56. The business’s fifty day moving average is $78.88 and its 200-day moving average is $86.33. Oxford Industries, Inc. has a one year low of $72.24 and a one year high of $113.88.

Oxford Industries (NYSE:OXM) last issued its earnings results on Wednesday, December 11th. The textile maker reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.20). The firm had revenue of $308.00 million during the quarter, compared to the consensus estimate of $316.84 million. Oxford Industries had a net margin of 0.98% and a return on equity of 19.09%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Equities research analysts predict that Oxford Industries, Inc. will post 6.62 EPS for the current year.

Oxford Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.67 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.68 annualized dividend and a dividend yield of 3.40%. Oxford Industries’s payout ratio is 301.12%.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; and women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as children's apparel, swim, footwear, and licensed products under the Lilly Pulitzer brand.